Hong Kong SAR, China - Asbestos - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Asbestos Market 2024
Asbestos Market Size in Hong Kong SAR, China
The Hong Kong asbestos market totaled $X in 2022, rising by 1.7% against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 6.4%. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.
Asbestos Production in Hong Kong SAR, China
In value terms, asbestos production stood at $X in 2022 estimated in export price. Over the period under review, production saw a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.6% against the previous year. Asbestos production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Asbestos Exports
Exports from Hong Kong SAR, China
In 2022, after three years of growth, there was significant decline in shipments abroad of asbestoses, when their volume decreased by -22.2% to X tons. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 400% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, asbestos exports reduced dramatically to $X in 2022. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 469% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
Exports by Country
India (X tons) was the main destination for asbestos exports from Hong Kong SAR, accounting for a 99% share of total exports. It was followed by Sri Lanka (X tons), with a 1.2% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled -4.8%.
In value terms, India ($X) remains the key foreign market for asbestoses exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 1.9% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to India totaled -6.2%.
Export Prices by Country
The average asbestos export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to India stood at $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+1.1%).
Asbestos Imports
Imports into Hong Kong SAR, China
After two years of decline, purchases abroad of asbestoses increased by 8.6% to X kg in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 176%. Over the period under review, imports reached the maximum at X kg in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, asbestos imports amounted to $X in 2022. Over the period under review, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when imports increased by 99%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2022, China (X kg) was the main supplier of asbestos to Hong Kong SAR, accounting for a approx. 100% share of total imports.
From 2012 to 2022, the average annual growth rate of volume from China amounted to +73.5%.
In value terms, China ($X) constituted the largest supplier of asbestoses to Hong Kong SAR.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +35.0%.
Import Prices by Country
In 2022, the average asbestos import price amounted to $X per ton, with an increase of 5.5% against the previous year. Over the period under review, the import price, however, recorded a sharp shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -22.2% per year.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the asbestos market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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